Category Archives: Market inefficiencies

Share Buybacks Surge to Record Ahead of Potential 1% Tax: Companies Buy as Insiders Dump like there’s No Tomorrow

Buy High, Don’t Buy Low. Prices are sky-high and but company buybacks are red hot.

General Electric Breaks Up, Symbolizing Decline of American Manufacturing and the High Price of Financialization

How stock price fixated management and a big expansion into financial services under Jack Welch did in the once-esteemed General Electric.

Carbon Tax Over-Rated

A carbon tax is an idea that has been around yet never deployed despite potential benefits because reasons, such as hurting the poor.

Does America Want a CHIPS for Buybacks Act?

To bring more chips-making back to the US, Congress should condition additional funds on suspending stock buybacks.

‘America Has a Monopoly Problem’: Coalition Backs Legislation to Break Up Big Tech

Anti-monopoly interests have proposed a series of bills to give regulators more power, particularly with respect to tech.

Behold the Watered Stock’s New Variant!

Back to the future! Welcome to the successor to a 19th century favorite, watered stock.

Why Elon Musk Isn’t Superman

Why Elon Musk, despite having built significant operating companies, is still mainly in the bezzle business.

US History Shows Spending on Infrastructure Doesn’t Always End Well

Despite promoters’ claims, infrastructure projects often aren’t great public successes.

The Moral Hazard of Limited Liability

Some concrete ideas for how to pin the tail of the limited liability donkey back on key insiders, and make regulators accountable.

Wolf Richter: After Slashing 33% of Workers in 6 Years, Railroads Complain about Labor Shortages, amid Uproar over Slow Shipments

Railroads are finding it difficult to hire workers and their labor shortfall has prevented them from meeting transportation demand

How Intel Financialized and Lost Leadership in Semiconductor Fabrication

Intel is the poster child of how stock buybacks come at the cost of technological innovation.

Quick Comment on the Dismissal of Antitrust Suits Against Facebook

Facebook looks to have done well in having two high profile antitrust suits dismissed. But they should keep the campagne on ice.

Mark Blyth – An Inflated Fear of Inflation?

Mark Blyth explains why inflation in the U.S., Canada, & E.U. is highly unlikely: a room for more government spending and higher wages.

The Voice of Monetary Policy

A positive voice tone can lead to higher share prices and decreases in volatility, highlighting the importance of voice control for central bank communication.

What is the Bullshit Economy?

Establishing some first principles of the bullshit economy.